(Cleveland, Ohio) April 27, 2009 – Vantage Hospitality Group, Inc., the 12th largest hotel company worldwide, announced today that Lexington Collection President, CEO & Partner Steve Belmonte has completed his goal of establishing the brand as a leading edge, well focused, next generation brand and will be leaving the company. Belmonte plans to focus his efforts and attention on his company, Hospitality Solutions, LLC.
“We want to thank Steve for his help in launching this brand, solidifying its foundation in the lodging industry, and positioning it for future growth,” said Roger Bloss, CEO and President of Vantage. “In consultation with Steve and our hotel members, and in acknowledgement of our strong corporate member support base, we are not looking to immediately fill Steve’s position. The existing management team and I will oversee strategic planning and development, while my partner Bernie Moyle, Chief Operating Officer, will continue to lead the operations, membership support, and central reservations divisions, including over 80 dedicated professionals, located in Coral Springs, FL and Dallas, TX.”
According to Bloss, Vantage will also use this as an opportunity to allocate additional revenue-producing resources and programs for its member properties in areas such as revenue management, travel industry sales and education departments. Moreover, Vantage will focus on targeted growth for the Lexington brand through selective additions and cross-training of the development team.
“The bottom line for my team is to continuously identify greater R.O.I. avenues for our members and offer them the best and most viable resources available in the industry,” said Bloss.
The Lexington Collection of upper-mid to upscale hotels, plaza hotels, boutique hotels, and resorts worldwide has been charting a new course in the hospitality industry. Each hotel is unique and capitalizes on the local flavor and attractions of the area to create an unforgettable experience for guests. As a proud member of the Vantage Hospitality Group family, Lexington owners worldwide have embraced Vantage’s innovative Freestyle Membership affiliation that offers members low, flat fees; short-term contracts; and a voice and a vote in the brand’s direction while providing the most comprehensive resources in the lodging industry.
Visit www.LexingtonCollection.com for more information.
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About Vantage Hospitality Group, Inc.
Headquartered in Coral Springs, FL, Vantage Hospitality Group is the 12th largest hotel company worldwide and the only hotel company to be ranked three years in a row on the Inc. 500/5000 List of Fastest Growing Private Companies. Founded in 1996, the company has grown to include a broad spectrum of hospitality-related ventures, managing resources in hotel ownership, management, marketing, national brand affiliation and real estate. Vantage’s award-winning membership hotel brand, Americas Best Value Inn, has been recognized by the lodging industry as one of the fastest growing chains six years in a row. The company continues to grow with The Lexington Collection – the only membership hotel brand in the upper-mid to upscale lodging segments. Vantage will continue to expand its brands domestically, as well as in international markets including India, China, Canada, Mexico, North Africa, and the Gulf Region.